Top 4 financial tips for retirees starting businesses

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    By Rebecca Lake/SmartAsset

    Traveling and volunteering are both great ways to spend your golden years. But some seniors are more interested in starting the businesses they've always dreamed of founding. Donning a small business owner's hat later in life can be rewarding, but it comes with a certain degree of risk.

    Before you get started, it's a good idea to consider the following financial tips.